Lupin Ltd grants 1845750 Options under Employees Stock Option Plan

Lupin Ltd has granted 1845750 options to its employees under "Lupin Employees Stock Option Plan 2011" at the exercise price of Rs. 455.65 on August 02, 2011.

One equity share of Rs. 2/- each is covered by each option. The options issued are exercisable at the 'market price' as defined in SEBI guidelines, in a phased manner after a minimum vesting period of 12 months but before the exercise period of 10 years from the date of grant.

The stock was trading at Rs.456.10, down by Rs.2.35 or 0.51%. The stock hit an intraday high of Rs.458.35 and low of Rs.453.65.

The total traded quantity was 0.21 lakhs compared to 2 week average of 1.61 lakhs.

Source : Equity Bulls

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